Marine Seismic Equipment and Acquisition Market Analytical Overview, Trends and Forecast to 2027

Global Marine Seismic Equipment and Acquisition Market: Key Highlights

One of the major influences on global marine seismic equipment and acquisition market is the demand generated by oil and gas industry. The industry is known to use seismic services and analytics for various activities such as exploration.

It is pertinent to note here the various lease rounds carried out for third year in a row - close to 50 in number and record breaking in every sense. Some of the regions which are acting as hotbeds of exploration activity are Latin America, Africa, and the chart is topped by the Mediterranean region.

𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.transparencymarketresearch.com/marine-seismic-equipment-acquisition-market.html

It is also worth noting here that conventional discoveries are on a high curve, and broke a four-year record in 2019 in terms of BOE - Barrels of Oil Equivalent. The number in 2019 was 12.2 billion barrels BOE. From the new regional hotspots, 26 discoveries (100 BOE) were made.

As per a Transparency Market Research study, the global marine seismic equipment and acquisition market will grow at a steady 4.80% CAGR (Compound Annual Growth Rate) in the equipment segment in the period starting 2019, and ending 2027. The market set to arise in the period would be worth around USD 626.1 Million by the end of this period. And, over the same period, the market for seismic acquisition will grow at growth rate of 5.60%, compounded annually. Again, this will pull the market worth up from USD 4.2 Billion to USD 6.4 Billion.

Europe to Lead the Global Marine Seismic Equipment and Acquisition Market over the Forecast Period

The global marine seismic equipment and acquisition market was led by Europe in 2018, dominating both the marine seismic acquisition market and seismic equipment market. The trend is set to continue. And, as per analysts of the global marine seismic equipment and acquisition market, this growth is attributable to rising demand for oil reserves.

It is also pertinent to note that over the coming few years, the North American region will also show notable growth owing to increase in activity in certain industries like construction, mining, and oil and gas.

Lucrative opportunities will arise in Middle East and Africa, keeping the global marine seismic equipment and acquisition market players hooked to itself over the forecast period. One of the reasons supporting growth in the region will be rising activity in terms of offshore oil exploration activity in the region over the forecast period.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2953 

Global Marine Seismic Equipment and Acquisition Market to Witness Pro-active Players over the Forecast Period

The global marine seismic equipment and acquisition market is slightly fragmented and includes prominent players such as Agile Seismic LLC, FailfieldNodal, Seismic Equipment Solution, Geo Marine Survey Systems, Polarcus DMCC, Fugro N.V., SeaBird Exploration PLC, Petroleum Geo-Services (PGS), TGS-NOPEC Geophysical Co. ASA, Mitcham Industries Inc., and Compagnie Generale de Geophysique, S.A (CGG) among others. The players are massively focused on technological development so better and more functional products can be rolled out to lure consumers. As of now, the major technologies in use include ocean bottom nodes, and 2D, 3D, and 4D surveys.

Global Marine Seismic Equipment and Acquisition Market - Key Developments

On 2nd March 2020, Shearwater GeoServices Holding announced that the company has entered into a deal with French Oil & Gas player Total to acquire 3D data in the Black Sea, off Bulgaria. The company said that the contract is for the large towed streamer 3D acquisition and Fast Track processing project in the Black Sea by Total E&P Bulgaria B.V. The survey covers 5,500 sq. km in the Han Asparuh block 1-21, and would be using Flexisource triple source together with Fast Track processing enabled by Shearwater's proprietary Reveal software. The three-month survey is expected to start in first quarter of 2020 and would be carried out by the Oceanic Vega.

𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 | 𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.transparencymarketresearch.com/checkout.php?rep_id=2953<ype=S 

In February 2020, SeaBird Exploration a844nnounced that the company had received a letter of award for an Ocean Bed Nodes (OBN) source contract with an expected duration of about 5 months in Asia Pacific region. The contract is anticipated to commence in April 2020, while the company plans to employ the Voyager Explorer on this contract due to which the bareboat-charter for the vessel would be extended.
Marine Seismic Equipment and Acquisition Market: Equipment Type

Sub-Bottom Profilers

Seismic Sensors

Scalar Sensor

Vector Sensor

Geophones & Hydrophones

Streamers

Single Streamers

Multiple Streamers

Air/Water Guns

𝐂𝐥𝐢𝐜𝐤 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2953 

Marine Seismic Equipment and Acquisition Market: Technology

2-Dimensional (2D) Survey

3-Dimentional (3D) Survey

4-Dimensional (4D) Survey

Ocean Bottom Nodes

Two-Component (2C) Nodes

Four-Component (4C) Nodes

Permanent Seismic Installations

Others

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